Two Class A outpatient buildings in Addison and Denton mark the partnership’s latest move into Dallas-Fort Worth’s fastest-growing healthcare corridors
DALLAS – September 10, 2026 – Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, and PGIM, the global investment management business of Prudential Financial Inc., today announced the acquisition of two outpatient medical buildings in the Dallas-Fort Worth Metroplex totaling 103,000 square feet. Acquired through separate transactions, the portfolio includes 17051 N. Dallas Parkway in Addison, Texas and the Rayzor Ranch Medical Building in Denton, Texas.
The modern, Class A outpatient medical buildings are located within two of Dallas-Fort Worth’s most desirable, high-growth submarkets, with immediate adjacency to acute care and surgical hospital campuses operated by market-leading health systems. Collectively, the properties are 84% leased to a diverse tenant roster that includes Texas Health Resources, Methodist Health System, and leading physician groups specializing in outpatient surgery, primary care, orthopedics, neurosurgery, pain management, gastroenterology, dermatology, ophthalmology, mammography, and behavioral health.
Optimally positioned within established healthcare nodes along two of the Metroplex’s fastest-growing corridors, the acquisitions provide Lincoln’s national healthcare investment platform with additional scale in North Texas.
“These acquisitions aligned and provided a unique opportunity for us to acquire two best-in-class medical proeprties in North Texas,” said Brian Bacharach, Executive Vice President at Lincoln Property Company. “As a Dallas-based investor and operator of outpatient medical facilities, we are committed to investing in high-quality healthcare real estate and supporting leading healthcare providers across the region.”
“These two outpatient medical buildings reflect our continued conviction in Class A, outpatient medical real estate in high-growth markets like Dallas-Fort Worth,” said Alastair Barnes, Vice President at Lincoln. “These assets are well-located with strong health-system affiliations, and they demonstrate our ability to consistently invest and operate across the risk spectrum as we continue to expand our partnership with PGIM.”
“Dallas-Fort Worth continues to demonstrate the fundamentals we look for in outpatient medical real estate, including strong population growth, expanding healthcare demand and proximity to leading health systems,” said Soultana Reigle, Head of U.S. Equity for PGIM’s Real Estate investment group. “These acquisitions are consistent with our strategy of investing in high-quality medical outpatient assets in markets where durable demand drivers and well-positioned providers can support resilient income over the long term.”
PGIM’s Real Estate investment group is one of the world’s largest real estate investment managers, with $217 billion in gross assets under management and administration¹, and real estate professionals located in more than 30 cities worldwide. Through its full suite of real estate equity and debt solutions, PGIM aims to achieve exceptional outcomes on behalf of investors and borrowers. PGIM’s uncompromising commitment to building lasting relationships with clients is founded on trust, transparency, and mutual respect.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, higher education, sports and entertainment, and mixed-use properties, throughout the United States, the United Kingdom and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.
About PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.² PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions—including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not af¹filiated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
¹As of December 31, 2025, net AUM is $139B and AUA is $50B. PGIM is the second-largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on ‘Pensions & Investments’ “The Largest Real Estate Investment Managers” list published November 2025. This ranking represents AUM as of 6/30/25. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.
²As of June 30, 2026. Assets are rounded to the nearest full number.
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